$6 Million Hotel Development From Feasibility to Funding & Delivery
Taking a Hotel Development from Concept to Construction
Cohasset Group recently completed the pre-build planning stage for a new $6 million hotel development in provincial New Zealand, acting as both Project Director and part owner of the development.
Our involvement began at the earliest stage of the project with a comprehensive feasibility study, establishing whether the proposed development represented a commercially viable opportunity.
From there, we progressed the project through detailed appraisal, planning and costing, developing the financial and commercial framework required to move the hotel from concept towards construction.
Securing $6 Million in Project Funding
A critical component of the project was developing an appropriate funding structure and securing the capital required to proceed.
Cohasset Group successfully raised the project’s $6 million funding requirement through a combination of debt and equity, taking the development from initial feasibility through to a fully funded project ready to progress towards construction.
Our involvement encompassed:
- Project feasibility and commercial assessment
- Detailed project appraisal and costing
- Financial modelling and funding strategy
- Raising debt and equity capital
- Project direction and planning
- Supplier and contractor selection and negotiation
- Pre-construction coordination
Building the Right Project Team
With planning and funding in place, our focus has moved to the construction phase.
We are concluding negotiations with a carefully selected group of project suppliers and contractors, including one of New Zealand’s leading steel portal construction specialists.
Cohasset Group is now working with this construction partner across several projects throughout New Zealand, utilising an innovative construction system that offers significant opportunities for efficient commercial development.
Commercial Expertise from Feasibility to Delivery
Successful property development requires much more than managing the construction phase.
Cohasset Group brings together commercial analysis, project feasibility, financial modelling, capital raising, procurement and project management, providing clients and investment partners with experienced oversight from the earliest stages of an opportunity through to delivery.
Considering a commercial property development? Cohasset Group can help assess its feasibility, establish the commercial and financial framework, secure project funding and coordinate the people required to turn an opportunity into a viable development.